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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
The following data relate to Sorrentino Corporation for last year:

Operating income   $250,000
Net increase in all current assets except cash   $45,000
Net decrease in current liabilities   $30,000
Gain on sale of investments   $8,000
Cash dividends paid on common stock   $35,000
Depreciation expense   $10,000

What is the net cash provided by operating activities for last year on the statement of cash flows for Sorrentino Corporation?
A) $177,000
B) $173,000
C) $142,000
D) $130,000
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
Thanks
Marcie D
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Yesterday
Smart ... Thanks!
annakc
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2 hours ago
Just got PERFECT on my quiz
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